1111 Tulane Avenue, New Orleans, LA 70112

One of the harder things to find at the California Building: Parking. This fully furnished studio includes an assigned garage parking space, along with the ability to operate as a short-term rental in one of New Orleans' few remaining buildings with a grandfathered STR license.

The unit is set up to sleep four with a queen bed and sleeper sofa and has an efficient open layout with Bosch appliances, custom cabinetry, modern finishes, in-unit laundry, and a defined sleeping area within the main living space. For an owner who wants something relatively hands-off, EM Management handles bookings, guest communication, cleaning, and maintenance.

Management fees were reduced from 20% to 15% following the management transition in late 2025. Based on the seller's 2025 1099s, the condo and parking generated $21,159 in total revenue for the year. 2026 rental performance is currently ahead of the comparable 2025 period.

Detailed monthly rental history, P&L, and updated financials are available upon request. The California Building offers a rooftop terrace, fitness center, business and media rooms, with additional common-area improvements planned including a lobby-level cafe, bar, and lounge seating.

Per HOA guidance, those improvements are not expected to increase monthly dues. The location is especially convenient for guests, just blocks from the French Quarter, Caesars Superdome, Smoothie King Center, Canal Street, and the medical district. For someone looking for a furnished downtown property with STR flexibility and professional management, the included parking is a big advantage in this building.